Published: 2025-10-01

Pengaruh Rasio Solvabilitas terhadap Kinerja Keuangan Perusahaan yang Terdaftar di Bursa Efek Indonesia

DOI: 10.35870/jemsi.v11i5.4621

Citra Amelia, O. Feriyanto
  • Citra Amelia: Universitas Teknologi Digital
  • O. Feriyanto: Universitas Teknologi Digital

Abstract

This study aims to determine the effect of the solvency ratio proxied by the Debt to Asset Ratio (DAR) on financial performance proxied by Return On Assets (ROA) in oil, gas, and coal sub-sector companies listed on the Indonesia Stock Exchange for the periode 2021-2023. This study uses a quantitative method with a causal approach. The data analysis technique used is simple linier regression analysis to test the relationship between DAR and ROA. The population in this study amounted to 87 companies, with a sample of 63 companies selected using a purposive sampling technique. The data used in this study are secondary data obtained from the company’s annual financial reports. The analysis tool used is SPSS. The result of the study show that DAR has a negative and significant effect on ROA, with the result of the t-test, namely the calculated t-value |-3,296| > t-table 1,979 with a significance value of 0,001 < 0,05, so Ho is rejected and Ha is accepted. This means that the higher the DAR or the company’s debt level, the lower its financial performance in generating profits from assets will be. This also shows that the company’s funding structure theh efficiency of asset use, which ultimately has a negative impact on the company’s profitability.

Keywords

Solvency Ratio ; Financial Performance ; Debt to Asset Ratio ; Return On Assets ; IDX

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How to Cite

Amelia, C., & Feriyanto, O. (2025). Pengaruh Rasio Solvabilitas terhadap Kinerja Keuangan Perusahaan yang Terdaftar di Bursa Efek Indonesia. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 11(5), 3375-3388. https://doi.org/10.35870/jemsi.v11i5.4621
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This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.

  • Issue: Vol. 11 No. 5 (2025)

  • Section: Articles

  • Published: October 1, 2025

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Author Biographies
Citra Amelia
Google Scholar ResearchGate ORCID

Program Studi Akuntansi, Universitas Teknologi Digital, Kota Bandung, Jawa Barat, Indonesia.

O. Feriyanto
Google Scholar ResearchGate ORCID

Program Studi Akuntansi, Universitas Teknologi Digital, Kota Bandung, Jawa Barat, Indonesia.

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